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The first two were scheduled to open in November of that year in the Sears store at Plaza las Américas, and in the Sears Homelife store at the Galerías Paseos shopping mall in San Juan. [35] On October 31, 1995, González Padín would announce the closure and liquidation of all its stores due to economic issues. The closure began on the 30th ...
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Sears began to face difficulties in the late 1980s in light of these developments, and with strong competition both from Walmart and from so-called category killers such as Toys "R" Us. Discover's introduction was costly; Sears's Discover credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25 ...
Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly traded company. [8] It began trading on the NYSE for the first time on July 2 as DFS. On February 20, 2024, Capital One announced its intention to acquire Discover in an all-stock deal worth $35.3 billion. [9]
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